Belvedere Trust Mortgage Corp., a subsidiary of Anworth Mortgage Asset Corp., Santa Monica, Calif., has completed its first securitization under a new shelf registration, according to Anworth.The deal, BVMBS 2004-1, involves the sale of approximately $600 million in securities issued by BellaVista Funding Corp., a subsidiary of Belvedere Trust. "Our goal is to expand our acquisition and securitization of high-quality mortgage assets," said Claus Lund, Belvedere's chief executive officer. The underwriters of the deal were Countrywide Securities Corp. and RBS Greenwich Capital Markets. Anworth is a mortgage real estate investment trust.

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